Dutch pension fund manager APG Asset Management on Wednesday announced the promotion of Thijs Aaten to chief executive for Asia, replacing departing Asia boss Wim Hazeleger, at the same time that it named a new chief finance and risk officer… Read More>>
JD Logistics Revenue Leaps 20.9%, Loss Narrows Despite Challenges
JD Logistics narrowed its first-half loss and saw revenue jump 20.9 percent year-on-year to RMB 58.6 billion (now $8.5 billion), as the Chinese warehouse operator weathered uncertainties in the macro environment and the resurgence of COVID-19 at home.
The logistics… Read More>>
PAG Said in Talks to Buy Theme Park in Nagasaki, Japan for $655M
Japan’s overstretched travel industry could be providing an investment opportunity for yet another international private equity firm, as PAG is reported to be in talks for a JPY 90 billion ($655 million) acquisition.
The Hong Kong-based fund manager is tipped… Read More>>
Google Unveils Third Singapore Data Centre in Jurong, Marks 15 Years in City-State
Google on Tuesday announced the start of operations at its third data centre in Singapore, a multi-storey development in Jurong, as part of festivities celebrating 15 years of the US tech giant’s presence in the city-state.
The power-up of the… Read More>>
Logos, Manulife Launch Korea Core JV With $200M Seoul Logistics Centre
Industrial developer and fund manager Logos has set up its second partnership with Canadian finance giant Manulife, establishing a Korean core joint venture seeded with the $200 million forward purchase of a warehouse project near Seoul.
Upon completion in early… Read More>>
Frasers Property Sets Up Fund Management Arm, Taps Wong Ping as CIO
The financialisation of Singapore’s real estate industry took another step forward on Monday as Frasers Property announced the creation of a new business unit aimed at raising and managing capital from institutions for investment in the company’s real estate initiatives.
Hong Kong’s Chinachem Said Buying TikTok London HQ for $187M
Hong Kong developer Chinachem Group has taken its expansion spree international with the £158 million ($186.2 million) purchase of TikTok’s London headquarters as its first British acquisition, according to a report by the UK’s React News.
Just one week after… Read More>>
Hillhouse Reaches $2B Close on First Asia Real Estate Fund with $300M Boost From CPPIB
Canada’s CPP Investments (CPPIB) revealed earlier this month that it had committed $300 million to Hillhouse Capital Group’s inaugural real estate fund during the quarter ending 30 June, with that vehicle having now reached a final close at over $2… Read More>>
Oxford Properties Expands Asia Team in Singapore
Canada’s Oxford Properties is growing its capabilities in Asia Pacific with the real estate investment firm having recently added a pair of senior executives to its team in Singapore, according to company representatives who spoke with Mingtiandi.
Former Apollo Global… Read More>>
China’s Biggest Developer Country Garden Warns of 70% Profit Drop
Country Garden Holdings says that its net earnings are likely to have plunged by as much as 70 percent in the first half of 2022, as China’s deepening real estate crisis hammers the country’s largest developer.
Guangdong-based Country Garden issued… Read More>>
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